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    • Scaling down customs...

    Scaling down customs duty of medical devices in Union budget to increase healthcare affordability, says MTal

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2019-07-10T09:15:26+05:30  |  Updated On 16 Aug 2021 12:22 PM IST

    The increase in the turnover limit to INR 400 Crore under the 25 per cent tax slab is in line with the government's commitment in the Union budget 2015 to make Indian companies more competitive on the global business platform.


    Kolkata: Mr Pavan Choudary, Chairman and Director General, Medical Technology Association of India (MTaI), today said, " Reduction in Customs duty of medical devices in the Union budget would have furthered the government's objective of increasing healthcare affordability and accessibility, which, through Ayushman Bharat it is already trying to achieve. "


    Read Also: Response to BUDGET 2019: Healthcare disappointed with lack of incentives


    In a statement, he also said, " The increase in the turnover limit to INR 400 Crore under the 25 per cent tax slab is in line with the government's commitment in the Union budget 2015 to make Indian companies more competitive on the global business platform. "


    " This will also lead to an increase in compliance and also attract more investment to India, " he added.


    Read Also: Dr Paribaha Mukherjee's Assault: Doctor Protests, Mass Resignations, Duty Boycotts Reverberate across the country

    affordable healthcareAyushman Bharatcashless schemecustoms dutyHealthcarehealthcare indiaMedical DevicesMedical Technology Association of Indiamodi careMTaIPavan ChoudaryUnion Budget
    Source : UNI

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    Medical Dialogues Bureau
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      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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